Desjardins Raise Target Elsewhere, Desjardins Securities’ Chris MacCulloch raised his target for Enerplus to US$22 from US$20.50 with a “buy” rating.
“The stock has been the best-performing oil-weighted producer in the Canadian mid-cap space to date this year, reflecting the company’s strong operational results, streamlined portfolio and aggressive buyback program. In other words, ERF has executed beyond expectations and been appropriately rewarded by the market,” said Mr. MacCulloch.